Korean Investors Research to Invest in Solar Power Projects in Quang Tri Province

IL Yang Industrial Company (Korea) is planning to invest in Vietnam, conducting research, study, proceed to set up company building solar power plant in Quang Tri province, Vietnam.

On December 22nd, IL Yang Industrial Company (Korea) had a meeting with Quang Tri People’s Committee to discuss their investment in solar power project in Quang Tri province. Previously IL Yang Industrial Company had a field trip in Hai Lang and Vinh Linh district, Quang Tri province.

According to IL Yang Industrial Company, through surveys, the Company found that Quang Tri is a potential province to develop solar power. Therefore, in the coming time, the Company will continue to work with the province and other sectors to better understand the indicators to study, proceed to invest in building solar power plant in Hai Lang district with the capacity of 500MW and Vinh Linh district with the capacity of 200MW.

At the meeting, IL Yan Industrial Company expressed their wish to exchange relevant information as well as support and create favorable conditions from Quang Tri province’s leaders to study the project.

According to the People’s Committee of Quang Tri province, Quang Tri province is currently planning to attract investment projects in the field of industry, with priority in the areas of competitive advantage and environmentally friendly industries. In fact, there have been some solar power projects in the area.

The proposed investment in solar power plants in Hai Lang and Vinh Linh of IL Yang Company with advanced technology is suitable with the planning policy of locality. Since then, Quang Tri province is ready to cooperate, create conditions for the company to complete procedures and apply the maximum support policies of the province.

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Ben Tre Province Welcomes Many Investment Projects

With the trend that many foreign enterprises come and set up business in Vietnam, recently, many investors have come to Ben Tre – the land of coconut to promote investment projects in various fields, with investment capital of tens of thousands of billion VND.

In addition to transport infrastructure, high quality coconut processing plant projects; projects in the field of tourism with the system of restaurants, hotels and resorts…, TTC Corporation is continuing to invest in the energy sector in Ben Tre province. Mekong Wind Power JSC (a member of TTC Corporation) has just been granted the investment decision by Ben Tre Provincial People’s Committees to invest in Binh Dai Wind Power Plant. The project has capacity of 30 MW with a total investment capital of 1,490 billion VND.

Moreover, the TTC Corporation also propose that Ben Tre province continue to create conditions for TTC to participate in locality – farmer connectivity programs to improve their gardens and create sustainable coconut material areas; construct Ben Tre coconut research center in Dong Go…

In addition, many other projects have just been granted investment decisions in Ben Tre, such as Ba Tri Wind Power Plant No.7 of Ben Tre Renewable Energy JSC (Ecotech), with total Investment capital of 6,543 billion VND; Binh Dai – Ben Tre wind power plant of joint venture between Asiapetro Energy JSC and Doarm Engineering Company (Korea), with a total investment capital of 180 million USD; the food processing factory of The Gioi Viet Co., Ltd with a total investment of 34 million USD…

Highly appreciating the investment environment in Ben Tre, General Director of The Gioi Viet Co., Ltd said that Ben Tre is a good place to invest because there are good policies, land rent expense is not high, the administrative procedures are very easy and provincial leaders are taking good care of businesses. Moreover, Ben Tre has abundant raw coconut materials to meet the production needs of enterprises; hardworking workers who have high sense of responsibility for their work.

According to the Chairman of Ben Tre Provincial People’s Committees, with the effort of creating sustainable development, Ben Tre province will continue to improve the investment and business environments and accelerate the reform of administrative procedures. Coming to Ben Tre, investors will be given the most favorable conditions to approach and successfully implement their investment projects. Coming to Ben Tre is coming to a land that rich in potential, rich in affection and diversity of industries with many investment opportunities. Coming to Ben Tre, investors will realize that this place is really a reliable, safe and convenient destination with many opportunities for development.

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Vietnam Promotes the Development of Wind Power

The very first wind power plants, one in Binh Thuan and one in Bac Lieu, can be considered a breakthrough to pave the way for the construction of Vietnam’s wind power industry, which is expected to be pillar of the future power source in Vietnam.

In the field of renewable energy, hydropower and wind power are considered clean power sources

In fact, hydropower has hidden dangers for communities. On the other hand, wind power is friendly and gentle to humans. We can consider hydropower as an old power source and the wind power is the young one. While hydropower has been playing a vital role in the power industry of many countries, wind power has only been noticed and invested for about 5 – 10 years.

With the wind power plants in Bac Lieu, Binh Thuan and Ninh Thuan, recently, Vietnam Prime Minister has agreed to invest in a wind power plant in Khai Long resort – Ca Mau.

Under the direction of the Government, the investment objective of the above project is to build a wind power plant, connecting to the national electricity system and sell electricity through power purchasing agreement with the Electricity of Vietnam (EVN), contributing to ensure national energy security.

The plant will be built in Khai Long Village, Dat Mui Commune, Ngoc Hien District, Ca Mau. The total installed capacity is 100 MW on an area of land and sea of approximately 2,165 hectares.

The project will be implemented in the period from 2016 to 2018.

According to the Ministry of Industry and Trade, Vietnam currently has nearly 50 registered wind power projects but only about 10% of which are under construction, of which 3 projects are producing commercial electricity, which are Tuy Phong wind power project (Binh Thuan) with capacity of 30 MW; Phu Quy island wind power project with capacity of 6 MW in Binh Thuan; Bac Lieu wind power project with capacity of 16.5 MW.

Most recently, Phu Lac wind power project (Binh Thuan) with capacity of 20 MW and the total investment of nearly 1,100 billion USD has been started construction in July 2015.

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M&A Wave from Korea to Vietnam Banking Sector

The success of many Korean banks in Vietnam makes Korean financial investors pay special attention to Vietnam banking sector. Investment methods that are most interested by investors are mergers and acquisitions (M&A).

According to information from the National Financial Supervisory Commission, Hana Financial Group (KEB Hana Bank) is preparing to buy shares of BIDV Bank.

Thus, the wave of investment from Korea to Vietnam financial and banking sectors have not stopped. Since the beginning of 2018, two Korean investors have successfully acquired two financial companies in Vietnam: Shinhan Card acquired Prudential Finance and Lotter Card acquired Techcombank Finance. Including KEB Hana, in 2018, Vietnam financial markets will welcome at least three new members from Korea.

According to the Director of the Korea Financial Supervisory Commission, Korean banks and finance companies are strongly attracted to the Vietnamese market.

In fact, even Korean financial investors operating in Vietnam are very optimistic about the potential development of the market. According to Director of Woori Bank, the Government of Vietnam is making great efforts in bank restructuring phase II, applying Basel II to strengthen the banking environment and attract more foreign investors. This will open more opportunities for investors.

Talking about the way to invest in Vietnam financial market, according to experts, in the coming time, the granting of licenses to establish banks in Vietnam will be more difficult, therefore, Korean businesses want to invest in the Vietnam banking sector should pay attention to the form of M&A.

Vietnam’s financial market is very potential, but foreign investor’s ownership rate is restricted (not to exceed 20%). However, the Government has allowed investors to buy 100% capital of weak banks.

Currently, digital finance is booming in Korea. Many banks like K-Bank, Kakao Bank allow customers to do transactions without human help. Shinhan, Woori and other Korean financial investors also want to quickly cover the Vietnamese market with the support of technology.

For example, Shinhan Card has just acquired Prudential Finance, but soon expressed its ambition to break the consumer lending market. According to Director of Shinhan Card, their annual sales amounted to 9 trillion won (about 180 trillion VND).

On the side of investors, according to CEO of Shinhan Bank Vietnam – one of the most successful foreign banks in Vietnam, the retail sector in Vietnam has many opportunities, keeping up fast with digital. Therefore, Shinhan Bank’s strategy is to focus on retail development in parallel with digital investment. Korean banks have a lot of experience in digital banking, plus the cultural similarity is a big advantage when investing in Vietnam.

With the technological strength, plus the strong wave of investment, Korean financial investors are really becoming a serious competitor in the financial market of Vietnam.

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How Vietnam Real Estate Sector Performed in 2015?

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The the real estate industry in 2015 have beee influenced by foreign investors and easier access to credit source.

With the credit easing policies, foreigners are allowed to buy houses in Vietnam and the infrastructure development has been the driving force for the recovery of the real estate market in 2015. The real estate industry outlook in 2015 will come from foreign investors and the easier access to credit source. Then, the B and C class apartment segment with prices ranging from 50,000 USD/apartments with full infrastructure, near the metro will attract attention in 2015.

Credit easing policy and interest rates on deposits and loans are at their lowest in 3 years; therefore, this is a good time to invest. Moreover, changes in Circular 36 will help reducing the risk factors for real estate loans, thereby creating more room for credit loan and lending rates are at their lowest in 3 years will encourage real estate businesses continue to develop projects to serve the increasing demand. It is expected that low interest rates will make the cash flow moving into other investment channels such as real estate.

Foreigners now can own houses are also the catalyst for the real estate market in 2015. Currently with nearly 80,000 foreigners are working in Vietnam, the home owning is expected to be a catalyst for the real estate market to become more active in 2015.

In addition, the lending conditions for the 30,000 billion VND lending package will be simplified, thereby helping to speed up the disbursement of this package in 2015.

The year 2015 witnesses the return of speculators, private investors in the real estate market. Mainly the apartments in segment A and B are their targets when the price of those segment decreased by 20 -25% compared with the peak of the market.

Besides, the development of infrastructure is also the motivation for the growth of the real estate market. With the expectation that in 2015 the Government will maintain the spending of over 3 billion USD for infrastructure, construction and expansion of roads, railways, power grids…, that will actively support the development of real estate market. The most obvious evidence is the construction of Metro no.1 in 2014 has attracted more real estate projects on the path of the Metro line.

Some notably infrastructure projects in 2015:

+ Complete Nhat Tan Bridge: The Ring Road 2 connect with the Nhat Tan Bridge will help reducing the travel time around Hanoi as well as connecting to Noi Bai International Airport. This will be a positive landmark for real estate projects in the northwest corridor of the capital.

+ Complete the Hanoi – Hai Phong highway: The 106 km long highway linking Hanoi and Hai Phong – the largest port city in Northern of Vietnam will help real estate projects in Long Bien and Gia Lam becomes more vibrant.

+ Complete the Ho Chi Minh City (HCMC) – Dau Giay highway and continue building the Ring Road 2 in HCMC will help the real estate projects in the Eastern of the city (District 2, 9, Thu Duc) becomes more attractive.

+ Construction of Ben Luc – Long Thanh highway: This is a part of Ring Road 3 that will connect Long An to Long Thanh International Airport in the future without having to go through the central districts of HCMC. The project is expected to help improving the real estate market in the Southern of HCMC.

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Thua Thien Hue – An Attractive Destination for Korean Investors

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The Korea Chamber of Commerce and Industry – KCCI said that Vietnam in general, Thua Thien Hue in particular, is currently an attractive destination for Korean investors to come and set up business in Vietnam.

On November 2nd, the delegation of Thua Thien Hue province led by Chairman of the Provincial People’s Committee has met with the Korea Chamber of Commerce and Industry (KCCI).

At the meeting, the Chairman of the Provincial People’s Committee has introduced the overview of Thua Thien Hue to KCCI leaders. Accordingly, Thua Thien Hue is a center of culture, tourism, health, education, science and technology. Thua Thien Hue has a complete education system with 9 universities, Korean language departments, vocational schools; young population.

The province now has 6 industrial zones and 1 sea economic zone named Chan May Lang Co, developing in urban, tourism, industrial and seaport. Thua Thien Hue is developing infrastructure, training human resources to attract investors from Korea. Moreover, the province is upgrading and expanding airport in order to promote direct flights to Korea.

Thua Thien Hue has many cooperation with Korea in the fields of planning, healthcare, tourism and industry. Thua Thien Hue province also hopes to continue to strengthen cooperation with Korean enterprises in these fields.

On the side of KCCI, the cooperation between Korea and Vietnam, including Thua Thien Hue, is developing well. The Government and Korean businesses are very interested in Vietnam. Vietnam in general, Thua Thien Hue in particular is really an attractive destination for Korean investors. Korea has many experiences in building and processing water reservoirs. Korea is also researching water treatment systems in the lakes in Thua Thien Hue, especially in the Hue citadel. Hopefully, Korean businesses will continue to invest in Hue in the near future.

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Anam Electronics (Korea) Build 100-Million-Dollar Factory in Vietnam

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A large electronics manufacturer from Korea – Anam Electronics Vietnam has officially choose Dong Van IV industrial park to set up business in Vietnam.

After a period of researching investment locations in the North of Vietnam, Anam Electronics Vietnam decided to choose Dong Van IV industrial park as its investment location.

Accordingly, Anam Electronics Vietnam will invest in building a factory here with an area of 100,000 m2, investment capital is estimated at 100 million USD.

The signing ceremony of land lease contract in Dong Van IV industrial park was held between Viglacera Real Estate Company and Anam Electronics Vietnam.

Anam Electronics is a 100% Korean owned company specialized in producing high quality electronic audio products such as: amplifiers, digital receivers. The company mainly supplies products to leading audio manufacturers in Japan, USA such as Harman Kardon, Denon, Marantz, JBL, Yamaha…

Viglacera’s Dong Van IV industrial park has successfully attracted 10 investors, most of which are electronics businesses with nearly 40 hectares of land.

So far, Dong Van IV industrial park has been the destination of many domestic and foreign brands such as Masan Group, Sunjin, Jeio Vina, James Tech, Saki, Park Electronic Vina, Sunjin F & F Limited…

Dong Van IV industrial park is conveniently located, 50km from Hanoi, on Highway 38, which is easily accessible from the Ha Noi – Hai Phong expressway to Hai Phong port. Along with the policy mechanism to support the investors of Ha Nam province, Dong Van IV industrial park has received great attention from investors, and became the ideal choice for enterprises, especially FDI enterprises.

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New Investment Wave of Chinese Enterprises Through M&A

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Chinese investors are promoting activities such as invest and set up business in Vietnam. In particular, they are increasing their presence in Vietnam through M&A activities, especially in the real estate sector.

Sharing with Chinese businesses attending the recent conference about opportunities to invest in Vietnam, Mr Chen De Hai – Consulate General of China in Ho Chi Minh City said that since 2016 until now, the investment capital of Chinese enterprises into Vietnam increased sharply, production capacity is expanding, and the number of large investment projects are increasing.

No specific information on where these projects are invested, but Mr. Chen De Hai said that the investment portfolio is quite diversified and the investment capital of many projects is not small. There are projects ranging from several hundred million to more than 2 billion USD and investment in areas such as thermal power, wind power, solar cell production, textiles, tire production…

According to data from the Foreign Investment Agency (Ministry of Planning and Investment), in 2017, China’s committed investment capital ranks 4th among countries and territories investing in Vietnam. This is a very new development because in the past few years, China has rarely been in the top 5 foreign investors with large amount of investment capital into Vietnam.

2017 also recorded many M&A transactions of Chinese enterprises with partners in Vietnam in the field of real estate.

However, there are indications showing that not only investment through M&A and focus only on real estate, but Chinese enterprises will increase investment in manufacturing in Vietnam.

It is known that the investment activities of enterprises in the field of textile, fiber and leather footwear are in the roadmap to adjust the industry policy of China and are encouraged to invest abroad.

Meanwhile, Chinese businesses want to invest in Vietnam to take advantage of tax incentives when exporting to the US market or European countries because Vietnam has signed many free trade agreements with these countries.

A demonstration of this move is that the Bank of China – Ho Chi Minh City Branch, and Shenzhen Securities Information Co., Ltd (under Shenzhen Stock Exchange) in December 2017 has signed a contract in order to promote the attraction of Chinese investment capital into Vietnam.

According to many analysts, China’s new wave of investment in such manufacturing sectors as steel, textiles, fiber, furniture…, is a story that can happen in the near future.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

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Czech Republic Wants to Promote Investment Cooperation with Vietnam

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The traditional friendship and multifaceted cooperation between Vietnam and the Czech Republic have been constantly being promoted and promoted by the two countries’ people. Today Vietnam is still a familiar destination for Czech businesses to set up business in Vietnam.

At the Czech-Vietnamese Business Conference recently held in Hanoi, Deputy Minister of Industry and Trade of the Czech Republic – Mr Vladimir Bartl said that Vietnam is increasingly attracting investment from abroad, including the Czech Republic. The Czech Republic wishes to promote cooperation and investment between the two countries’ businesses in the areas such as environmental protection, mining technology, construction technology, chemicals, telecommunications, radar, industrial machinery and agriculture, especially biotechnology and nanotechnology.

On the Vietnamese side, the Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) said that the economic and trade development between the two countries is based on three main features.

First, in terms of bilateral relations, trade exchange between the two countries have a stable growth and strong development. The potential investment cooperation areas between the Czech Republic and Vietnam are agricultural products, textiles, machinery and equipment, hospital medical equipment, energy and information technology.

Second is multilateral relations, Vietnam is now an important gateway to trade in ASEAN, the market with over 600 million people. The Czech businesses will have to prepare investment plans, not only with the Vietnam market with more than 90 million consumers but also to deepen access to the ASEAN market.

Meanwhile, the Czech Republic is the gateway for goods to enter the European Union (EU). Especially when the EU – Vietnam Free Trade Agreement (EVFTA) comes into effect, it will facilitate Vietnamese products entering the European market.

Finally, the cooperation between Vietnam and the Czech Republic is always given priority by the business community and the two Governments. The sixth session of the Intergovernmental Committee of Vietnam – Czech Republic is taking place in Hanoi, with the presence of many businesses of the two countries, especially the presence of Mr Vladimir Bartl has demonstrated this special relationship.

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Resort Real Estate Segment Flourishes with New Projects

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2016 is identified as a good year for the resort real estate segment with a series of new launching projects to attract the attention of both investors and consumers. In particular, the real estate projects located in the sea area are attractive to consumers who want to own a second home to serve the needs of pleasure. From the end of 2015, there were many resort real estate projects that are introduced to the market.

According to statistics, the sales volume of apartment and villa are very good, with 70-80% of the launched units were ordered. The amount of people interested in the projects and decide to buy is increasing, thanks to the incentive sales policy, profit commitments from investors, support for preferential interest loans from the cooperative banks with the investor and can use the house for free for a certain period.

Many wealthy families share that they would like to own a coastal apartment or villa because the demand for resort tourism is increasing sharply. Moreover, foreign investors see that resort real estate segment in Vietnam is rich in potential with many famous tourist resorts and long beautiful beaches. The loosening policy allows foreigners to buy and own real estate in Vietnam is also a positive move to promote the demand of many investors jumping into this playground although there are still many difficulties in policy implementation

Currently, many domestic enterprises began to invest into the resort real estate segment, which is an inevitable trend of the market. For about 10 recent years, resort real estate has been formed and attracted the attention of investors. Some domestic investors have experienced successfully in other segments also expanded into this segment. Most of the projects are in the luxury and high-end segments such as beach villa. On the other hand, according to experts, if we can build resort real estate products at a reasonable price, the liquidity will be very good.

Vietnam has the potential for tourism therefore resort real estate is a good investment channel. Investing in an area with great potential for tourism and large amount of passenger traffic would have faster payback than the places that tourism does not develop. At the present, Vietnam has a lot of large investors as Vingroup and Sungroup… are capable to invest in large-scale resort projects. At the same time, the market is also attracting a lot of foreign investors with good financial capability and ability to invest quickly.

Currently the coastal cities like Da Nang, Nha Trang and Phu Quoc are 3 hotspots in attracting capital investments in resort real estate segment. In terms of location, these coastal cities have the potential to attract investors the most because they are also the famous tourist destination that attracting millions of tourists each year.

2016 is the year of resort real estate segment. The projects in this segment stretch from the sea to the mountain and Sapa is a typical example. Many large investors as Vingroup or Sun Group have been implementing major investment projects here.

Only in 2015, Sa Pa tourism has welcomed nearly 2 million passengers, increased by 42.2% compared with 2014. Currently, the number of tourists visiting Sapa is large and has always had a tendency to increase. While the demand for luxury resort services continues to rise, the supply is limited. Hence, this is a good opportunity to develop the resort real estate segment in this dreamy mountain city.

Resort real estate has opportunity to develop rapidly thanks to the development in transport infrastructure such as airport, highway and cable car system… allowing the movement of tourists to be convenient and easy.

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Vietnam Tourism Industry

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Vietnam is a country with abundant and diverse tourism potentials. For Vietnam’s economy, tourism is a key economic sector, plays an important role in the development of the country.

The tourism industry continues to bring potential revenue stream for Vietnam. In the context of the accommodation need is constantly increasing, many new projects will join the market within the next ten years.

According to statistics, the hotel industry in Vietnam has recorded impressive growth in quarter 1 of 2016.

According to the Tourism Authority of Vietnam, Vietnam has welcomed nearly 108,750 Russian tourists in quarter 1 of 2016, increase by 13.5% over the same period last year. Experts said that thanks to the loosen visa policy of the Government, Vietnam is considered as a safer destination for Russian tourists compared to other traditional tourist destinations.

In fact, the hotel industry of Vietnam is just in the early stages of the long developing way. In recent years, Vietnam is considered a leading tourism destination for seasonal tourists and who love exploring cultural values.

Currently, Vietnam is increasingly known as an international tourism destination with favorable climate, rich culinary, beautiful beaches, diverse cultures as well as facilities to meet international standards for foreign tourists.

With the expansion of the international airport, improved infrastructure, better quality hotels and entertainment facilities, Vietnam is gradually becoming a great alternative destination than Thailand and Malaysia.

According to statistics, since January 2016 to May 2016, Vietnam has welcomed nearly 3,248,634 international passengers, increases by 17.8% over the same period last year, with the largest number of visitors coming from China and Korea.

Notably, Quang Binh and Ninh Binh are emerging tourist destinations that recognized increasing visitor arrivals.

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Hai Phong Attracted More Than 916 Million USD of FDI

Hai Phong is a seaport city, an attractive destination for foreign investors to explore and invest in Vietnam. In the first three months of 2018, Hai Phong attracted more than 916 million USD of foreign direct investment (FDI), an increase of 332.34% over the same period last year. Among them, 15 new projects have been approved, 12 projects adjusted to increase capital.

The number of active FDI projects in the city is 532 projects with a total registered capital of 15.44 billion USD.

According to the Chairman of Hai Phong People’s Committee, this positive result is due to the city’s efforts to reform administrative procedures, improve the investment environment; focus on removing difficulties for enterprises, boosting trade and attracting investment.

The city has successfully organized many events such as seminars on Japanese investment and tourism promotion; conference to meet enterprises in 2018 with the participation of 400 local and foreign enterprises that are producing and doing business in the area; two business dialogue conferences with a total of 22 quality proposals.

At the same time, the percentage of enterprises that conducted the business establishment procedure through the Internet has reached 67.89%.

Hai Phong also implemented the program “Capacity Building for Supporting Industries in Hai Phong City” with the support of senior volunteers from Japan International Cooperation Agency (JICA); implemented direct support activities at four enterprises and surveyed three firms preparing for the second phase of the project.

The city will focus on investment, accelerate the progress of key projects and works such as Hai Phong international gateway port in Lach Huyen, construction of new technical infrastructure in the North of Cam River.

At Hai Phong International Port, it is expected to inaugurated two launch terminals in mid-2018, which will be able to receive super-weight vessels. The coastal road connecting Quang Ninh with Hai Phong, Thai Binh, Nam Dinh, Ninh Binh and Thanh Hoa is also under construction.

In addition, Hai Phong also coordinates closely with Quang Ninh province to implement the Bach Dang Bridge project, linking Hai Phong with Quang Ninh, which is expected to be completed in the second quarter of 2018.

Hai Phong will also continue to construct works such as Terminal 2 – Cat Bi International Airport, Tan Vu – Lach Huyen Bridge No. 2 and continue to build the next wharfs of the Hai Phong international gateway port.

Thanks to the synchronous transportation system, Hai Phong has become one of the top local attractions for investors.

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FDI into Vietnam Has Reached over 33 Billion USD

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Over the past 11 months of 2017, total foreign investment in Vietnam has reached over 33 billion USD. It continues to show a positive signal that foreign investors choose to set up business in Vietnam more and more.

According to data of the Foreign Investment Agency (Ministry of Planning and Investment), from the beginning of the year to November 20th 2017, the total capital includes newly registered, increased, contributed capital, purchased shares is 33.09 billion USD, increase by 82.8% over the same period in 2016.

Of these, 2,293 new projects were granted investment certificates, with total registered capital of 19.8 billion USD, increase by 52% over the same period in 2016. Moreover, there are 1,100 turns of projects registered to adjust investment capital with total registered capital increase of approximately 8 billion USD, increase by 57.6% over the same period in 2016.

In addition, there are 4,535 capital contribution and shares purchase turns of foreign investors, with a total capital contribution of 5.29 billion USD, increase by 57.6% over the same period of 2016.

Along with the rapidly increase in registered capital, foreign direct investment disbursement also achieved positive results. The figure after 11 months is16 billion USD, increase by 11.9% over the same period in 2016.

Data from the Foreign Investment Agency also showed that in terms of the investment field, foreign investors have invested in 19 sectors. In which the processing and manufacturing industry is attracting much attention of foreign investors with total capital of 14.95 billion USD, accounting for 45.2% of total registered capital.

Electricity production and distribution sector ranked second with total investment of 8.37 billion USD, accounting for 25.3% of total registered capital. The third was the real estate business sector with total registered capital of 2.5 billion USD, accounting for 7.6% of total registered capital.

Regarding investment partners, there are 112 countries and territories have investment projects in Vietnam, of which Japan ranks first with total investment capital of 8.94 billion USD, accounting for 27% of total investment capital. Korea ranked second with total registered capital of 8.18 billion USD, accounting for 24.7% of total investment capital. Singapore ranked third with total registered capital of 4.69 billion USD, accounting for 14.2% of total investment capital.

In terms of the investment area, foreign investors have invested in 59 provinces and cities, in which Ho Chi Minh City is the locality attracting the most foreign investment capital with the total registered capital of 5.68 billion USD, accounting for 17.2% of total investment capital.

Bac Ninh ranked second with total registered capital of 3.28 billion USD, accounting for 9.9% of total investment capital. Thanh Hoa ranked third with total registered capital of 3.16 billion USD, accounting for 9.5% of total investment capital.

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Korean Corporation Wants to Build Racecourse in Vietnam

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Chairman of the Korea’s Horse Racing Corporation Mr Choi Hank Soo have just had a meeting with the People’s Committee of Bac Ninh province (Vietnam) to explore opportunities for cooperation in this locality by setting up a business.

At the meeting, Mr Choi Hank Soo said that the purpose of this trip to Bac Ninh is to explore investment opportunities to build the racecourse and entertainment complex in Thuan Thanh district (Bac Ninh), with investment capital in the first phase reaches 500 million USD.

When the project goes into operation, it will form the kind of attractive sport and entertainment services for the community, creating jobs for 5,000 – 10,000 labors, making great contribution to the budget and contributing to the economic and social development of Bac Ninh province.

According to Chairman of Bac Ninh province, this highly feasible project has large-scale investment, under conditional business lines that require the approval of Vietnam Prime Minister. Provincial Leaders recommended the Korea Corporation to coordinate closely with the concerned departments to complete the procedures according to Vietnam law, submitting to the ministries and Prime Minister for approval.

Chairman of Bac Ninh province also committed that within 10 working days from the time receiving the approval of Prime Minister, this province will complete the legal formalities for the project to be implemented soon and put into operation in an effective way.

Reportedly, a project to build 27-hole golf course is being implemented in Thuan Thanh district (Bac Ninh).

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A Chain of 130 Restaurants in Japan Want to Conquer the Vietnamese market

Establish company in Vietnam

Gyu Shige – a Japanese restaurant brand decided to enter and set up business in Vietnam, aims to open 70 branches in Vietnam in the next 5 years.

According to Mr Kentaro Takada, Global Development Director of Gyu Shige Bbq Restaurant chain, after a year of operation in Vietnam, the company aims to set up a chain of 30 branches in 3 years and up to 50 – 70 branches in 5 years. This brand now has 3 stores in Ho Chi Minh City (HCMC).

The plan to conquer the Vietnam market of this Japanese brand has been in place for 3 years. Large populations, prefer Japanese culture and bbq dishes are the advantages for them to do business in Vietnam. Through partnerships and direct exploration, Gyu Shige has officially entered Vietnam in 2016 with its first store in a major trading center in HCMC.

According to representatives of Gyu Shige, Vietnam has been an economic hot spot in Southeast Asia for several years, attracting many investors. Unlike the fierce competition of the food industry in Thailand, they see many opportunities to develop and decide to choose Vietnam as the first overseas market.

With the strength of a chain of 130 successful restaurants in Japan, this brand almost delivers the original to Vietnam. The reason is that Vietnamese people love Japanese food and adapt quickly to new dishes. Beef is imported from the US, raw materials used for processing and sauces are imported from Japan and vegetables originate from agricultural farms in Dalat (Vietnam). In order to ensure quality, the central kitchen is equipped with full equipment like in Japan, so that the processing and preservation process are also following strict procedures.

The global development director of this restaurant system believed that their advantages are the delicious sauce and following the friendly restaurant segment, with spending of 10 USD to 17 USD per person per meal. Moreover, with the development of the fast-food market, demand for food will be higher, especially for friendly restaurant segment. Therefore, this will be a great potential for business in the future.

After one year of operation, Gyu Shige’s sales in Vietnam grew by nearly 50% month-on-month, with over 70% of customers returning. That is why businesses decide to go deep into the market, targeting 50 – 70 branches and covering the whole country in 2022.

Representatives from the brand said that in the next 3 years, the segment of Japanese cuisine in Vietnam will continue to boom. Gyu Shige has over 20 years of development with 130 branches in Japan. After Vietnam, the company plans to conquer other markets such as Australia, USA, Singapore, Thailand…

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

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